Washington-Sana
Data from the US Energy Information Administration today revealed that inventories of both crude oil and gasoline in the US fell more than expected last week.
Reuters quoted the government agency as saying that crude stocks fell by 4.5 million barrels during the week ending on the 22nd of July, while analysts had expected a drop of one million barrels.
The agency indicated that the consumption of US refineries of crude decreased by 292,000 barrels per day, with operating rates declining by 1.5 percentage points, while gasoline stocks fell by 3.3 million barrels over the past week to 225.1 million barrels, while analysts' expectations indicated a decrease of 0.9 million barrels.
The agency pointed out that the net US imports of crude oil fell last week by 1.14 million barrels per day to 1.62 million barrels per day.
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